ECL
ECOLAB INC.Evidence as of 2026-09-25The desk's Snapshot
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Overview · ECOLAB INC.
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sciences segments. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing…
Management team
- Mr. Machiel Duijser · Executive VP & Chief Supply Chain OfficerFind on LinkedIn
- Mr. Gregory Russell B. Cook · Executive VP & President of Institutional GroupFind on LinkedIn
- Mr. Scott D. Kirkland · Chief Financial OfficerFind on LinkedIn
- Mr. Darrell R. Brown · President & COOFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed. Reported revenues rose from $3,695,000,000 in Q1 2025 (fiscal quarter ended 2025-03-31) to $4,415,400,000 in Q2 2026 (fiscal quarter ended 2026-06-30), while operating income ranged from $555,300,000 in Q1 2025 to $757,900,000 in Q2 2026 and net income moved from $402,500,000 to $534,900,000 across the same interval. Diluted EPS tracked that pattern, at $1.41 in Q1 2025, $2.05 in Q3 2025 (fiscal quarter ended 2025-09-30), and $1.90 in Q2 2026.
Shares outstanding declined modestly to 280,328,603 as of 2026-06-30 (point-in-time), cash and cash equivalents are reported as $5,135,300,000 as of 2026-06-30, and total liabilities increased to $19,842,600,000 on the same date. The 10‑K filed 23 February 2026 documents the $1,600,000,000 cash acquisition of Ovivo Electronics, reports record sales of $16.1 billion for FY 2025 (fiscal quarter ended 2026-01-30) and discloses indebtedness of approximately $8.2 billion as of December 31, 2025.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue was $3,695,000,000 in Q1 2025 (2025-01-01 to 2025-03-31, 3mo), $4,025,200,000 in Q2 2025 (2025-04-01 to 2025-06-30, 3mo), $4,165,000,000 in Q3 2025 (2025-07-01 to 2025-09-30, 3mo), $4,066,100,000 in Q1 2026 (2026-01-01 to 2026-03-31, 3mo), and $4,415,400,000 in Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001558370-25-006969Operating income was $555,300,000 in Q1 2025, $710,100,000 in Q2 2025, $760,200,000 in Q3 2025, $622,000,000 in Q1 2026, and $757,900,000 in Q2 2026 (each value reported for the respective 3‑month fiscal periods).
XBRL companyfacts · 0001558370-25-006969Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Annual Report on Form 10-K filed 23 February 2026, management reported record reported sales of $16.1 billion for 2025, a 2% increase from $15.7 billion in 2024, and stated organic sales increased 3% for 2025.
10-K filed 2026-02-23In the 10-K filed 23 February 2026, reported operating income was $2.7 billion for 2025, a 2% decrease from 2024, while adjusted operating income (excluding special items and the Ovivo Electronics acquisition) increased 11% and organic operating income increased 13% for 2025.
10-K filed 2026-02-23Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional investors reported aggregate holdings worth $61.77B as of 2026-06-30 (13F reporting period).
13F holdings · 1711 filers · as of 2026-06-30Top reported institutional holders in that 13F period included BlackRock, Inc. at $6.42B, VANGUARD CAPITAL MANAGEMENT LLC at $4.61B, and JPMORGAN CHASE & CO at $4.07B.
13F holdings · 1711 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A market-report story profiling the global sanitizer aerosol spray market (published 23 September 2026) lists Ecolab among companies profiled in coverage of an industry forecast to 2032.
News · globenewswire.com · 2026-09-23The same sanitizer aerosol market forecast item was distributed through a second outlet on 23 September 2026, indicating syndicated/replicated coverage of the market report.
News · finance.yahoo.com · 2026-09-23Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The calculation shows an implied free cash flow (FCF) growth rate of 57.24% per year that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closeweakened in debatePrice-to-free-cash-flow (P/FCF) based on trailing twelve-month FCF of $701.3 million and the quoted price is 110.81.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-reported items together support a favorable read: sequential and year-over-year revenue and operating-income figures (fundamentals-0, fundamentals-1) accompany rising diluted EPS in recent quarters (fundamentals-3), while shares outstanding have declined (fundamentals-4) which can amplify per-share metrics. Management also reported record full-year sales and organic operating-income growth in the 10-K (filings-0, filings-1), and adjusted results exclude acquisition and one-time items tied to the Ovivo Electronics deal (filings-2), which helps reconcile reported vs adjusted performance. Institutional ownership and recent 13F flows (ownership-0, ownership-1, ownership-2) indicate meaningful investor interest and portfolio adoption. The jump in cash on hand (fundamentals-5) provides balance-sheet flexibility that can be used for operations, integration, or returning capital, which addresses some concerns about near-term financing. In response to valuation and leverage concerns, the high P/FCF and implied FCF growth calculations (valuation-0, valuation-1, valuation-2) reflect current market pricing and trailing metrics that do not incorporate the company’s adjusted-operating-income improvement nor the timing of acquisition-related adjustments; filings showing exclusion of acquisition effects from adjusted results (filings-2) and the cash increase (fundamentals-5) weaken claims that the valuation is unsupported when adjusted performance and balance-sheet changes are considered.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.36
30 surviving claims rest on 13 distinct sources; the heaviest analyst carries 23% of them, and 95% of what the desk raised survived the debate.
The surviving set is built from a moderate number of distinct sources but a nontrivial share of claims come from a single analyst, so some interpretive weight is concentrated. A 95% survival rate through debate means most items passed scrutiny, which raises confidence in the retained facts, but the presence of several 'weakened' claims and reliance on point-in-time balances and a few key filings makes parts of the read more fragile. Treat valuation outputs and cash/debt point-in-time statements as especially sensitive to later filings or price moves because they depend heavily on timing and single-data inputs.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
13 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.5 to the score
5 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.6 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ECL Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.